Whoa, $ARB is taking a massive hit, currently at $0.3387, down over 13.5%!
This thing topped out around $0.4250 yesterday and it's been a non-stop bleed since.
Broke through every minor support on the way down. The current candle is trying to find some footing after that huge red one, but the selling pressure is clearly dominant.
24-hour volume for $ARB is at 112.38M, which confirms a lot of activity on this move down.
If it can’t hold this current level, we could see a quick retest of the 24h low of $0.3300.
Not looking great for $ARB right now, keeping a close eye for any signs of a reversal.